Evening Update Thursday 27 October 2022

French Prime Minister Elisabeth Borne has announced government assistance for certain businesses and communities to help with energy costs. The Prime Minister said that there will be three schemes which will increase the total amount provided by the government to 12 billion euros.

The body of a young woman who disappeared in the Correze department in central France at the weekend has been found, according to reports in French media. 20 year old Justine Veyrac was last seen in the early hours of last Sunday near a nightclub in the town of Brive-la-Gaillarde. A 21 year old farm worker has reportedly confessed to killing her.

The Prefect of the Alpes-Maritimes has announced bans on the sale and possession of certain types of fireworks in the Haloween period from tomorrow until 2 November. There's also a prohibition on the sale, transport and use of combustible products. The distribution, sale and purchase of fuels, corrosive fuels and flammable gas at retail outlets are prohibited in any transportable container on October 30 and 31 unless the need is justified by the customer and verified. Full details can be found on the Prefecture's website www.alpes-maritimes.gouv.fr

A service will be held this Saturday at the Notre Dame Basilica in Nice on the second anniversary of the attack in which three people lost their lives. Flowers will be laid at the commemorative memorial in the Basilica, which will be followed by a Mass starting at 9am. Local elected officials and the families of the victims are expected to be present.

Traffic and parking restrictions will be in place in Nice for the Alpes-Maritimes marathon this Sunday. Full details can be found on www.nice.fr

 

BUSINESS

The European Central Bank has raised interest rates by 0.75%. The ECB said that it expects to raise interest rates further in the future “to ensure the timely return of inflation to its 2% medium-term inflation target”. It added that inflation “remains far too high and will stay above the target for an extended period”.

US GDP rose by 2.6% in the third quarter, according to an estimate from the Bureau of Economic Analysis. It follows a contraction of 0.6% in the second quarter.

Energy company Shell has announced underlying profits of $9.5bn in the July to September quarter, up from $4.2bn during the same period last year. It’s the company’s  second highest quarterly profit on record. In the quarter from April to June, Shell's profit hit a record $11.5bn although growth has slowed since as oil prices have fallen back from recent highs.

 

SPORT

Cricket…. Virat